- The state pension age in the Netherlands will increase by three months in 2028, Deputy Prime Minister and Minister for Poverty Policy, Participation and Pensions, Carola Schouten, has confirmed.

In a letter to the House of Representatives, Schouten announced the state pension age will increase to 67 years and three months in 2028. The state pension age in the Netherlands is linked to life expectancy and as it has increased, so will the state pension age. The law states that people will receive their state pension later if it is expected that a 65-year-old will live longer. The Central Bureau of Statistics has forecast that a 65-year-old will likely live 21.05 years in 2028, up from the predicted 20.93 years in 2027.

- Three in 10 people in Sweden who receive back taxes are over the age of 65, according to the Swedish Pensions Authority.

Of the 1.3 million people who received back taxes this year, around 400,000 are over the age of 65. The authority noted that pensioners often receive back taxes due to the fact that their pension comes from several sources. The main payer must deduct tax according to the tax table, while other payers deduct 30 per cent tax. “It is important above all for new pensioners to review their tax, so that the back tax does not become a negative surprise,” said Swedish Tax Agency legal expert, Pia Blank Thörnroos.

- Finnish pension company Varma has invested USD 50m in a corporate loan fund for developing markets.

Varma said that the investment complements its emerging market investment portfolio and deepened the integration of responsibility aspects into its emerging market investments. The fund is brought to the market by HSBC Asset Management and invests in companies operating in emerging markets, which are selected based on a responsibility assessment by analysing individual companies. At the time of the fund's launch, about 60 per cent of the investments go to South America and about a fifth to Asia.

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